TravelCenters of America to Purchase 31 C-Stores/Gas Stations for $67M

Travel Centers of America LLC TA today announced that it has agreed to acquire 31 convenience stores with retail gasoline stations (“C-stores”) for $67 million, before closing costs and customary working capital adjustments. The seller is a private company which operates these C-stores under its proprietary brand name “Minit Mart”. Twenty-eight (28) of the C-stores are located in Kentucky and three (3) are in Tennessee. Twenty-seven (27) of the locations include the ownership of land and buildings, while four (4) are leaseholds. The typical location includes ten (10) fueling positions and approximately 5,000 sq. ft. of interior space offering C-store merchandise as well as some prepared food services. During 2012, these stores dispensed an See full press release